US Treasury Secretary Timothy Geithner on Sunday urged the international community to closely watch transactions with Iran for signs of money laundering and terror financing.
Speaking at a meeting of the International Monetary Fund in Istanbul, Geithner also said that sanctions against Iranian banks should be implemented by all nations.
“We underscore our concerns over illicit finance emanating from Iran and the severe deficiencies in its regulatory regime,” Geithner said, according to the Gulf News website.
He said that countries should monitor links between their financial institutions and their Iranian counterparts, “including branches and subsidiaries abroad, and particularly with respect to Bank Saderat and Bank Melli,” reports AFP.
Geithner said “all nations” should exercise “enhanced vigilance” over their links with Iranian banks.
On Saturday, Geithner said that Group of Seven officials meeting in Istanbul discussed increasing pressure on Tehran, if it doesn’t cooperate with international efforts to curb nuclear proliferation, reports the Bloomberg news network.
The United States has toughened sanctions against Iranian companies and banks in an effort to curb Tehran’s nuclear program.
Sources: WashingtonTV 2009
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment